SA faces multiple price hikes

Consumers will have to tighten their belts as multiple price hikes come into effect today

Consumers will have to further tighten their belts as multiple price hikes come into effect today.

CAPE TOWN - Consumers will have to further tighten their belts as multiple price hikes come into effect today.

It's a triple whammy for already hard hit consumers.

Electricity tariffs, metrorail ticket fares and fuel prices will be increasing.

A litre of petrol will cost the consumer 29 cents more while diesel will rise by 15 cents per litre.

Paraffin will go up by 31 cents per litre.

Economist Dawie Roodt says, "July is going to be particularly difficult for the South African economy and a number of price increases will come into effect. This winter is going to be a cold one."

All these increases will have a knock-on effect, meaning food prices will also be pushed up.